Consumers Lament As Nigeria Exports N23bn Electricity   Power consumers, on Wednesday, kicked against the export of about N23.13bn worth of electricity from Nigeria to some neighbouring countries in 2022 despite the widespread darkness witnessed in many Nigerian communities. The latest data on the remittances by international...

Frustration Mounts As Discos Consider 40% Electricity Tariffs Hike   Speculations of plans to raise electricity tariffs up by 40 percent barely a few weeks after the removal of the petrol subsidy have triggered anger among customers. While it is mandatory for electricity distribution companies to regularly...

FG Says Discos Failed To Remit N208bn In 2022   Power distribution companies failed to remit a total of N208.8bn to the Nigeria Electricity Supply Industry in 2022, the Federal Government has said. Figures obtained on Sunday from the latest Fourth Quarter 2022 Report of the Nigerian...

FG Issues 50 New Power Generation, Metering Licences   The Federal Government in the last quarter of last year issued 50 new power generation and metering permits. A report by the Nigerian Electricity Regulatory Commission (NERC) stated that it approved the issuance of two new generation licences...

FG Secures $750m World Bank Loan For Power Projects   The World Bank Group has approved a loan of $750m to boost Nigeria’s power sector. The loan with project ID P174622 was approved on June 9, 2023, making it the first World Bank loan approved under the...

CBN Reveals Earnings From Electricity Export Drop By 27%   Nigeria’s electricity export crashed by $58.1m in one year amid grid collapse. Data from the Central Bank of Nigeria showed that the value of Nigeria’s electricity export was $213.66m in 2021 but dropped to $155.56m in 2022....